Kirkpatrick Bank Mortgage Rates, Fees & Info

Edmond, OK

LEI: 5493009EEWZ9S4F2BE94

Tax ID: 73-0789115

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Kirkpatrick Bank is a smaller bank specializing in Home Purchase loans. Kirkpatrick Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Oklahoma City, Colorado Springs, Denver, Boulder, and Cañon City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kirkpatrick Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    228

    Origination Dollar Volume (All Markets)

    $100,090,000

    Employee count

    114

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    OKLAHOMA CITY, OK (FHA|USDA|VA) 140 $37,480,000 $267,714 $0 0.00%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 51 $36,095,000 $707,745 $0 0.00%
    Outside of Metro Areas 14 $19,110,000 $1,365,000 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 20 $6,760,000 $338,000 $0 0.00%
    BOULDER, CO (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Cañon City, CO (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Stillwater, OK (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Kirkpatrick Bank's top markets include Oklahoma City, Colorado Springs, Denver, Boulder, and Cañon City among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 186 $88,330,000 $474,892 $0 0.00%
    VA 25 $8,345,000 $333,800 $0 0.00%
    FHA 17 $3,415,000 $200,882 $0 0.00%

    For 2018, Kirkpatrick Bank's most frequently originated type of loan was Conventional, with 186 originations. Their 2nd most popular type was VA, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 183 $82,905,000 $453,033 $0 0.00%
    Refi 18 $8,880,000 $493,333 $0 0.00%
    Cash Out Refi 12 $4,630,000 $385,833 $0 0.00%
    Home Improvement 9 $2,685,000 $298,333 $0 0.00%
    Other 6 $990,000 $165,000 $0 0.00%

    For 2018, Kirkpatrick Bank's most frequently cited loan purpose was Home Purchase, with 183 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 228 $100,090,000 $438,991 $0 0.00%

    For 2018, Kirkpatrick Bank's most frequently cited loan duration was Other, with 228 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 102 $27,890,000 $273,431 $0 0.00%
    $100k-200k 57 $8,615,000 $151,140 $0 0.00%
    $400k-600k 31 $13,775,000 $444,355 $0 0.00%
    $100,000 or less 26 $1,830,000 $70,385 $0 0.00%
    $1MM+ 6 $43,310,000 $7,218,333 $0 0.00%
    $600k-1MM 6 $4,670,000 $778,333 $0 0.00%

    2018 saw Kirkpatrick Bank place emphasis on $200k-400k loans with 102 originations, totaling $27,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 53 $14,275,000 $269,340 $0 0.00%
    $50k-75k 45 $8,585,000 $190,778 $0 0.00%
    $150k-250k 30 $9,820,000 $327,333 $0 0.00%
    $75k-100k 22 $5,370,000 $244,091 $0 0.00%
    $250k+ 17 $6,265,000 $368,529 $0 0.00%
    $50k or less 16 $1,990,000 $124,375 $0 0.00%

    Kirkpatrick Bank lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $50k-75k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 228 $100,090,000 $438,991 $0 0.00%

    Kirkpatrick Bank lent most frequently to those with DTI ratios of Exempt%, with 228 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 43 $53,375,000 $1,241,279 $0 0.00%
    White 130 $33,890,000 $260,692 $0 0.00%
    Not provided 43 $10,295,000 $239,419 $0 0.00%
    Black 7 $1,325,000 $189,286 $0 0.00%
    Asian 4 $810,000 $202,500 $0 0.00%
    Chinese 1 $395,000 $395,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.51%

    Kirkpatrick Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    88.16%

    Kirkpatrick Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 228 $100,090,000 $438,991

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $44,665,000 $4,962,778
    Single Family (1-4 Units):Manufactured 1 $35,000 $35,000
    Single Family (1-4 Units):Site-Built 218 $55,390,000 $254,083

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Kirkpatrick Bank 102 North Cascade Avenue, Suite 100 Colorado Springs, CO 80903 Full Service B&M $181,694
    Kirkpatrick Bank 15 East 15th Street Edmond, OK 73013 Full Service Cyber Office $9,569
    Kirkpatrick Bank 15 East 15th Street Edmond, OK 73013 Full Service B&M $373,044
    Kirkpatrick Bank 1850 Platte Street, Suite 400 Denver, CO 80202 Full Service B&M $14,802
    Kirkpatrick Bank 222 N.W. 63 Oklahoma City, OK 73116 Full Service B&M $14,370
    Kirkpatrick Bank 2245 West Danforth Road Edmond, OK 73003 Full Service B&M $15,062
    Kirkpatrick Bank 3001 East Memorial Road Edmond, OK 73013 Full Service B&M $61,288

    For 2018, Kirkpatrick Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $32,273
    Net interest income $27,966
    Total noninterest income $2,790
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $381
    Trading account gains and fees $0
    Additional Noninterest Income $2,409
    Pre-tax net operating income $11,870
    Securities gains (or losses, -) $-192
    Income before extraordinary items $11,678
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,678
    Minority interest net income $0
    Net income $11,678
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,870

    Kirkpatrick Bank's gross interest income from loans was $32,273,000.
    Kirkpatrick Bank's net interest income from loans was $27,966,000.
    Kirkpatrick Bank's fee based income from loans was $381,000.
    Kirkpatrick Bank's net income from loans was $11,678,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,307
    Provision for credit losses $638
    Total noninterest expense $18,248
    Salaries and employee benefits $10,880
    Premises and equipment expense $3,016
    Additional noninterest expense $4,352
    Applicable income taxes $0
    Net charge-offs $-102
    Cash dividends $5,807

    Kirkpatrick Bank's interest expense for loans was $4,307,000.
    Kirkpatrick Bank's payroll and benefits expense were $10,880,000.
    Kirkpatrick Bank's property, plant and equipment expenses $3,016,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 9.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $679,632
    Deposits held in domestic offices $679,632
    Deposits by Individuals, partnerships, and corporations $548,662
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $130,970
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $353,735
    Demand deposits $207,762
    Nontransaction accounts $325,897
    Money market deposit accounts (MMDAs) $228,411
    Other savings deposits (excluding MMDAs) $31,655
    Total time deposits $65,831
    Total time and savings deposits $471,870
    Noninterest-bearing deposits $192,275
    Interest-bearing deposits $487,357
    Retail deposits $650,593
    IRAs and Keogh plan accounts $6,471
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $803,360
    Cash & Balances due from depository institutions $76,919
    Interest-bearing balances $68,468
    Total securities $164,075
    Federal funds sold & reverse repurchase $2,331
    Net loans and leases $547,962
    Loan and leases loss allowance $11,382
    Trading account assets $0
    Bank premises and fixed assets $5,886
    Other real estate owned $0
    Goodwill and other intangibles $325
    All other assets $5,862

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $803,360
    Total Liabilities $718,336
    Total deposits $679,632
    Interest-bearing deposits $487,357
    Deposits held in domestic offices $679,632
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $34,261
    Subordinated debt $0
    All other liabilities $4,443

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $547,962
    Loan and leases loss allowance $11,382
    Total loans and leases (domestic) $559,344
    All real estate loans $496,297
    Real estate loans in domestic offices $496,297
    Construction and development loans $152,702
    Residential 1-4 family construction $82,367
    Other construction, all land development and other land $70,335
    Loans secured by nonfarm nonresidential properties $265,187
    Nonfarm nonresidential secured by owner-occupied properties $97,502
    Commercial real estate & other non-farm, non-residential $167,685
    Multifamily residential real estate $18,359
    1-4 family residential loans $59,556
    Farmland loans $493
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $50,207
    To non-U.S. addressees $0
    Loans to individuals $7,293
    Credit card loans $55
    Related Plans $3,075
    Consumer Auto Loans $707
    Other loans to individuals $3,456
    All other loans & leases $5,547
    Loans to foreign governments and official institutions $0
    Other loans $3,534
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,546
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Kirkpatrick Bank had $547,962,000 of loans outstanding in 2018. $496,297,000 of loans were in real estate loans. $152,702,000 of loans were in development loans. $18,359,000 of loans were in multifamily mortgage loans. $59,556,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $55,000 of loans were in credit card loans. $707,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 158 $61,396 $388,582
    Nonfarm, nonresidential loans - <$100k 12 $387 $32,250
    Nonfarm, nonresidential loans - $100-250k 44 $6,964 $158,273
    Nonfarm, nonresidential loans - $250k-1MM 102 $54,045 $529,853
    Commercial & Industrial, US addressed loans - <$1MM 184 $14,892 $80,935
    Commercial & Industrial, US addressed loans - <$100k 104 $2,441 $23,471
    Commercial & Industrial, US addressed loans - $100-250k 37 $3,127 $84,514
    Commercial & Industrial, US addressed loans - $250k-1MM 43 $9,324 $216,837
    Farmland loans - <$1MM 5 $493 $98,600
    Farmland loans - <$100k 2 $95 $47,500
    Farmland loans - $100-250k 1 $37 $37,000
    Farmland loans - $250k-1MM 2 $361 $180,500